Bullish: We are currently @ 1.2588 in a nice channel (if a continued move up watch for this turn into a trend). We are at a triple top so IF we break to the upside, we are looking for an initial move to the 1.270 Fibo @ 1.2826. Look for the reaction here if we get one. A reversal here or a continuation to the 1.618 Fibo @ 1.2912. That would extend the move and put in the 3<sup>rd</sup> wave. Watch the USDX for direction. The average daily true range (ATR) for the pair is 77 pips.